We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Community Health Systems (CYH) Q1 Earnings
Read MoreHide Full Article
For the quarter ended March 2024, Community Health Systems (CYH - Free Report) reported revenue of $3.14 billion, up 1% over the same period last year. EPS came in at -$0.14, compared to -$0.43 in the year-ago quarter.
The reported revenue represents a surprise of +1.49% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being -$0.19, the EPS surprise was +26.32%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Community Health Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Adjusted admissions: 236,109 versus the two-analyst average estimate of 242,845.
Patient days: 493,824 Days compared to the 494,406.9 Days average estimate based on two analysts.
Admissions: 107,055 versus 108,402 estimated by two analysts on average.
Licensed Beds: 11,866 versus the two-analyst average estimate of 12,026.
Number of Hospitals: 71 compared to the 71 average estimate based on two analysts.
Beds in Service: 10,066 versus 10,161 estimated by two analysts on average.
Shares of Community Health Systems have returned -9.8% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Community Health Systems (CYH) Q1 Earnings
For the quarter ended March 2024, Community Health Systems (CYH - Free Report) reported revenue of $3.14 billion, up 1% over the same period last year. EPS came in at -$0.14, compared to -$0.43 in the year-ago quarter.
The reported revenue represents a surprise of +1.49% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being -$0.19, the EPS surprise was +26.32%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Community Health Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Adjusted admissions: 236,109 versus the two-analyst average estimate of 242,845.
- Patient days: 493,824 Days compared to the 494,406.9 Days average estimate based on two analysts.
- Admissions: 107,055 versus 108,402 estimated by two analysts on average.
- Licensed Beds: 11,866 versus the two-analyst average estimate of 12,026.
- Number of Hospitals: 71 compared to the 71 average estimate based on two analysts.
- Beds in Service: 10,066 versus 10,161 estimated by two analysts on average.
View all Key Company Metrics for Community Health Systems here>>>Shares of Community Health Systems have returned -9.8% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.